Banking
Tuesday, 10 January 2012 12:52
Islamic banking heralds African expansion
Absa Islamic Banking is firmly entrenched in the South African Islamic financial services market. It is making inroads in sub-Saharan Africa and is recognised as a globally competitive player. The majority of Africa’s Muslim population, estimated at between 400 million and 500 million (which constitutes nearly 50% of the total population of the continent), is still unbanked.
Monday, 12 September 2011 12:57
South Africa on the go
In case you hadn’t noticed, banking in South Africa is on the move. If Visa’s $110 million acquisition of Cape Town-based mobile banking infrastructure provider, Fundamo, didn’t get your attention, then FNB’s July launch of a range of mobile banking applications should have, writes Arno du Toit.
Wednesday, 07 September 2011 07:24
Gold making a currency comeback?
Leon Alberts
The idea that the world’s leading economies should consider adopting a modified global gold standard as part of a new dispensation for international currency rates, first mooted in November last year by World Bank president Robert Zoellick, could gain new traction in the wake of the recent debt ceiling crisis in the United States.
Tuesday, 06 September 2011 10:39
Christine Lagarde is used to breaking new gender ground
Petra du Toit
When Christine Madeleine Odette Lagarde (55) on 5 July this year became the 11th head of the 187-nation International Monetary Fund (IMF) in its 66-year existence, she merely continued what has become for her an impressive career of firsts. Although her gender might have played a role in her selection to the position in the wake of the sex scandal that surrounded the departure of her predecessor and countryman, Dominique Strauss-Kahn, there can be no doubt she brings a set of unique skills to the job during a crucial period in the history of the organisation.
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